Costa Rica’s official statistics agency announced Thursday that unemployment rose to 11.9% in the second quarter, one of the highest in recent years.
The economy of Costa Rica will slow in 2018 and reach a growth of 2.6% on the year, concluded a report from International Monetary Fund (IMF) representatives who visited the country.
The change in the calculation methodology is possible since the Central Bank now has online information on all exchange transactions performed each day.
The selling price of the dollar at the country’s banks on Thursday fell ₡4 from ₡598.49 to ₡594.47. The average purchase price closed at ₡581.71.
An increase in transactions from businesses that exchange dollar investments into colones to pay taxes drove fluctuations in dollar prices in the past four months.
